SILVER TREND FOR TODAY- 03-Oct-2013

Silver is in long- term bull phase .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Support for the Silver is 46670-45531-.Resistance for the Silver is 49569-49767-50018-51623-

Short term and Intraday Level of SILVER

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position Silver is in sideways so if buying has to considered better above50215.0 or hold with stop at 46866.0 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 47120.9 or sell below 46435.5 with stop loss at 48685.9 Buy if open above 48685.9 or buy above 49374 with stop loss at 47120.9
Intraday Resistance of SILVER are 48588.7 : 49275.4 : 50415.4 : 48230.9 : 48276.6
Intraday Support of SILVER are 47215.3 : 46528.6 : 45388.6 : 47574.3 : 47528.9

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